Consolidated Financial Statements - Bangor Punta Corporation - FY 1976

Consolidated Summary of Operations and Revenues and Profit Contribution of Continuing Operations by Line of Business for the Five Years Ended 30 September 1972-1976. Consolidated Balance Sheet and Statement of Income, Consolidated Statement of Shareholders' Equity and Consolidated Statement of Changes in Financial Position for the Years Ended 30 September 1976 and 1975.

Bangor Punta Corporation Consolidated Summary of Operations for the Five Years Ended 30 September 1976

Bangor Punta Corporation Consolidated Summary of Operations for the Five Years Ended 30 September 1976 (In Thousands of Dollas Except per Share Figures). GGA Image ID # 15d30ce7b7

No dividends have been paid on the common stock during the five-year period.

Primary earnings per share for 1973, 1975 and 1976 have been computed based on the average number of common and common equivalent shares outstanding after treating the $1.25 convertible preference stock, and dilutive stock options as common stock equivalents.

Dividend requirements on the $2.00 convertible preference stock were deducted from earnings. For 1972 and 1974, earnings per share have been computed on average common shares outstanding after treating dilutive stock options as common stock equivalents and after deducting dividend requirements on both classes of preference stock.

Fully diluted earnings per share for 1973 (before extraordinary items), 1975 and 1976 have been computed assuming full conversion at the beginning of the year of the $2.00 convertible preference stock and dilutive convertible debt.

Conversion of the $2.00 preference stock and convertible debt and exercise of other stock options and warrants for 1972 and 1974 would have an antidilutive effect on all per share amounts, and in 1973 on net income per share.

Revenues and Profit Contribution of Continuing Operations by Line of Business
Years Eded 30 September
(In Millions of Dollars)

Revenues and Profit Contribution of Continuing Operations by Line of Business

* Operating results of each line of business before allocation of corporate interest, corporate general and administrative expenses, federal and foreign income taxes, and write-off of intangibles. In the opinion of management, corporate interest, corporate general and administrative expenses and income taxes apply to operations as a whole and it is not practicable to allocate these items to particular lines of business. Profit margin represents profit contribution as a percentage of revenues for each line of business.

Bangor Punta Corporation Consolidated Balance Sheet as of 30 September 1976 and 1975 (In Thousands of Dollars).

Bangor Punta Corporation Consolidated Balance Sheet as of 30 September 1976 and 1975 (In Thousands of Dollars). GGA Image ID # 15d3a6d694

Bangor Punta Corporation Consolidated Statement of Income For the Years Ended 30 September 1976 and 1975 (In Thousands of Dollars).

Bangor Punta Corporation Consolidated Statement of Income For the Years Ended 30 September 1976 and 1975 (In Thousands of Dollars). GGA Image ID # 15d3b945c4

Primary earnings per share was computed based on the average number of common and common equivalent shares outstanding after treating the $1.25 convertible preference stock and dilutive options as common stock equivalents and after deducting from earnings the annual dividend requirements on the $2.00 convertible preference stock.

Fully diluted earnings per share assumes full conversion at the beginning of the year of the $2.00 convertible preference stock and dilutive convertible debt. Assumed exercise of all options and warrants would have an antidilutive effect.

See accompanying notes to consolidated financial statements.

Bangor Punta Corporation Consolidated Statement of Shareholders' Equity. See accompanying notes to consolidated financial statements.

Bangor Punta Corporation Consolidated Statement of Shareholders' Equity. See accompanying notes to consolidated financial statements. GGA Image ID # 15d4178163

Bangor Punta Corporation Consolidated Statement of Changes in Financial Position For the Years Eneded 30 September 1976 and 1975

Bangor Punta Corporation Consolidated Statement of Changes in Financial Position For the Years Eneded 30 September 1976 and 1975 (In Thousands of Dollars). See Accompanying Notes to Consolidated Financial Statements. GGA Image ID # 15d41a27ab

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1968 Bangor Punta Corporation Annual Report

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Bangor Punta Era

The Bangor Punta era, lasted approximately twenty years -- from 1964 to 1984.

History will likely remember the company for its tenacity in pursuing acquisitions; their high-profile corporate executives; and, two United States Supreme Court cases that the company was involved in during its short life span.

Nostalgic History

This website was created as an educational and research informational site that presents the public image of Bangor Punta and the companies they owned.

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